Question

10. The difference between simple interest on a
certain sum of money for one year at 5% p.a.
and the compound interest on the same sum
at the same rate for the same period
compounded half yearly is 4. Find the sum.
at the sampound interest​

Answer 1

Answer:

sum = 1600

Step-by-step explanation:

rate at CI = 5+5+5×5/100= 10.25

rate at SI = 5× 2= 10

now

10.25-10= 4

0.25= 4

100= 1600

sum- 1600